Do you own a website? Then you must read this article to learn a new thing! I am happy to hear that bloggers are increasing day by day in number throughout the world with a motto of earning.
Who can be called as a blogger?
(Every one who owns a blog should not be called as a blogger)!!
The answer of the pro bloggers may be like this “he/she having Seo knowledge +content writing skills patience can be called as a blogger
"in my words a blogger is a fellow who always keeps on exploring knowledge and a true blogger is respected everywhere that is even by Google "
Any way, if you are a blogger by owning a site of any niche that is technology, health, business etc then this article is for you am sure , this article will boost your website to one more step.
Coming to the tutorial,
If you are an owner of a website of any niche having good number of loyal visitors, then it is your duty to keep visitors stick to your website may be through content, contests.
Do you have an idea of selling products through your own website?
Are you dreaming, to start an e-commerce website?
Then go through this article…
This article deals with “how to accept credit/debit card on your websites”?Now you are going to learn these here…
- What is an e-commerce website?
- What are the requirements to accept credit cards on your website?
- Own merchant account Vs payment gateway
A website through which we can sell our products and goods to the requested customers and accepting payment via credit cards can be considered as an e-commerce website.
Some of the trending e-commerce websites are Amazon, flip kart, snap deal etc
2.Requirements to accept credit/debit cards on your website:
Before selling your products/goods through your site, there is a need to install some things which are kike means of transport between your customer and website to transfer money.The following are the requirements and each is clearly explained here
- Merchant account
- Payment gateway
- Payment processor
Don’t get fused with this word, merchant account is nothing but a type of bank account which helps in receiving payments through cards. For signing/opening a merchant account in any bank, he (the holder of merchant account) should agree the list of terms of that merchant acquiring bank. Creating a merchant account varies from bank to bank and from region to region. So it is better to consult your nearby bank.
This may be a new word for you. payment gateway is just a merchant account which passes transaction details/billing details to payment processor(scroll down to know about payment processor).the difference is a merchant should be managed by the owner itself which involves a lot of risks where as in payment gateway you have to sign for a trusted third party to look after your transactions
Some of the payment gateways are Paypal, authorize.net, E-way etc…
There is no such as a large difference between payment gateway and payment processor .There may be a little confusion between payment gateway and payment processor but it is important part of this article.
A payment processor is like a person appointed by an owner (owner of website) to look after the transactions.
Here is a small example removing all your confusions and doubts. Assume that you are buying a product ‘x’ at a website ‘y’. After selection of product/good billing page appears in front of you to fill all incomplete details. Whenever you filled up your details, payment gateway transfer this information to the payment processor and processor to related bank (bank through which your credit card is working).after checking all the particulars, if the bank accepts your request then you are able to buy that selected product. If the bank rejects with lack of details “transaction declined” will e appeared in front of you.
during grabbing knowledge all about these, a small doubt may arises for you that is what to select “an own merchant account or payment gateway”, stay connected to clear your confusion.
3.Own merchant account Vs payment gateway:
The work done by both is similar that is passing billing information o processor.
If you prefer a own merchant account then go through this
- If you own a merchant account, you have to look after all transactions
- You have to invest that is setup fees at very initial days
- You have to check the security terms such as if the card is genuine or not? Is the user genuine or not?
- If customer is fake then risk will be your relative
- A lot of pressure on you, finally a fresher cannot manage his own merchant account
I always prefer you a payment gateway why because is
- A trusted third party looks after all the transactions
- No setup fee as it is free to open
- The payment gateway looks after the security terms and keeps you relax
- There is no chance of receiving a fake customer
- If your account is filled with $$$$ that is enough to redeem, then you can receive a cheque worth’s your work.
So, with all those I personally prefer payment gateway
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how to open a account in payment gateway?will e striking soon here....